Reserve Bank Of India (RBI) — Minimum Balance Amount and charges guidelines For Private Banks

Address:

Chennai, Tamil Nadu

Dear RBI Governmor Raghu, Private Banks like ICICI, HDFC and others make hefty charges not maintaining MINIMUM BALANCE (Rs.10000) in savings account. Most of the time they charge RS.700 and above and they do month after month if the balance is not maintained. They debit the money automatically from the account without even informing us, when a deposit is made to the account. This corrupt practice by private banks should be completely abolished. Its high time RBI set the MINIMUM BALANCE guidelines to private banks (Rs.1000 ) and ensure they also charge minimal similar to Nationalized banks. If RBI Governor cannot implement guidelines, better he should resign from the esteem post.